Book review: The Devil’s Financial Dictionary by Jason Zweig is “savagely amusing.” (Reading the Markets)
Quote of the Day
"So the trend is that people are still using Facebook, they’re just posting and sharing content less often. In other words, increasingly Facebook is becoming another passive medium like television or Netflix."
(Conor Sen)
Chart of the Day
US-based asset classes continue to lead the one-year performance charts.
Markets
- We are in the midst of a US profits recession. (ft.com)
- The stock market is a coin-flip on a daily basis. On a decade-basis.... (awealthofcommonsense.com)
Strategy
- Three ways to help deal with drawdowns. (traderfeed.blogspot.com)
- Buying individual stocks adds stress to your life. (sharpereturns.ca)
Offers
- Try Audible.com and get two free Audiobooks including "Black Box Thinking: Why Most People Never Learn from Their Mistakes--But Some Do" by Matthew Syed. (amazon.com)
- Stop fighting over tablets. Buy five Amazon Fire 7" tablets and get one free. (amzn.to)
Companies
- Ugh. Yahoo ($YHOO) has hired McKinsey to explore "strategic alternatives." (recode.net)
- Public timber REIT options are shrinking: Weyerhauser ($WY) and Plum Creek Timber ($PCL) to merge. (blogs.barrons.com)
Finance
- Demand for buyout loans is shaky. (wsj.com)
- US credit growth remains positive. (shortsideoflong.com)
- Another example of a much-hyped hedge fund manager hitting the wall. (wsj.com)
- Why would pension funds ever invest in hedge funds? (bloombergview.com)
Funds
- The BRIC era is officially over at Goldman Sachs ($GS). (bloomberg.com)
- A 30% position in any stock is way too much. (howtobeananalyst.com)
- The indexed Vanguard Tax-Exempt Bond ETF ($VTEB) is now live (and cheap). (wsj.com)
- Bond indices are not perfect but then again neither are active managers. (canadiancouchpotato.com)
Global
- Global deflation fears are now abating. (blogs.ft.com)
- All emerging market equity indices are below their 200 day moving average. (shortsideoflong.com)
- Have all of China's margin players been washed out? (ftalphaville.ft.com)
Economy
Earlier on Abnormal Returns
- Research links: genetics and experience. (abnormalreturns.com)
- What you may have missed in our Sunday linkfest. (abnormalreturns.com)
